NOTE: Heading of §2202 and Subsection A eff. until Jan. 1, 2026, upon ratification
of the const. amend. proposed by Acts 2024, No. 409.
§2202. Minimum bid prices; sale of adjudicated property
A. The governing authority of each political subdivision may elect to set a dollar
amount as a minimum bid for the public sale of adjudicated property, which shall be at least
the total amount of statutory impositions, governmental liens, and costs of sale. The
governing authority of each political subdivision may elect also to require an appraisal of
adjudicated property to be sold at public sale. When the political subdivision elects to use
the appraised value to establish a bidding floor instead of setting a dollar amount minimum
bid as allowed by this Section, the political subdivision shall appoint a licensed appraiser to
appraise and value the property. The minimum bid at the first public sale shall be at least
two-thirds of the appraised value of the property. If the property fails to sell at the first
public sale, the minimum bid at the second sale shall be one-third the appraised value of the
property. Alternatively, the governing authority of each political subdivision may elect to
sell the adjudicated property at public sale to the highest bidder without setting a minimum
bid or requiring an appraisal.
NOTE: Heading of §2202 and Subsection A eff. Jan. 1, 2026, upon ratification of
the const. amend. proposed by Acts 2024, No. 409.
§2202. Minimum bid prices; sale of adjudicated property; sale of tax lien certificate issued
to the political subdivision; sale of immovable property to enforce a tax lien
certificate held by a political subdivision
A.(1) The governing authority of each political subdivision may elect to set a dollar
amount as a minimum bid for the public sale of adjudicated property, which shall be at least
the total amount of statutory impositions, governmental liens, and costs of sale.
(2) The governing authority of each political subdivision may elect to require an
appraisal of adjudicated property to be sold at public sale. When the political subdivision
elects to use the appraised value to establish a bidding floor instead of setting a dollar
amount minimum bid as allowed by this Section, the political subdivision shall appoint a
licensed appraiser to appraise and value the property. The minimum bid at the first public
sale shall be at least two-thirds of the appraised value of the property. If the property fails
to sell at the first public sale, the minimum bid at the second sale shall be one-third of the
appraised value of the property.
(3) The governing authority of each political subdivision may elect to sell the
adjudicated property at public sale to the highest bidder without setting a minimum bid or
requiring an appraisal.
(4) The governing authority of each political subdivision may elect to set a minimum
bid for the assignment of tax lien certificates issued to the political subdivision to be sold at
a public sale.
(5) The governing authority of a political subdivision shall set a minimum bid for the
sale of immovable property to enforce a tax lien certificate held by the political subdivision
that is not less than two-thirds of the market value of the immovable property as established
by the assessor.
B. Notwithstanding the provisions of Subsection A of this Section, the governing
authority of each political subdivision may allow an adjoining landowner to purchase
adjudicated property for any price set by the governing authority without public bidding at
a public meeting of the governing authority; provided, that the governing authority of an
applicable political subdivision determines that the adjoining landowner has maintained the
adjudicated property for a period of one year prior to the sale. Such a sale shall be deemed
a public sale under the provisions of this Subpart.
Acts 2008, No. 819, §1, eff. Jan. 1, 2009; Acts 2009, No. 511, §2; Acts 2010, No.
947, §1; Acts 2024, No. 774, §1, see Act.